Global Financial Markets: Investment Markets Services

Gross domestic product falls 0.5% in the third quarter, showing greater economic weakness than original reading.

The troubled U.S. economy posted its biggest drop in seven years, according to a government report Tuesday.

The gross domestic product, the broadest measure of the nation’s economic activity, declined 0.5% in the three months ending Sept. 30, according to the Commerce Department.

This was in line with estimates from economists surveyed. [Read more →]

Tags: Economic news, Economy, Market Data, U.S. Economy, United Kingdom's economy, financial advisor, financial markets, financial news, financial review, global business, international financial markets, investment markets, overseas markets by Financial Specialist
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The greenback recovers after British GDP shows zero growth. Bernanke comments have little impact. The dollar staged a rebound Friday, after a report on the United Kingdom’s economy showed lower-than-expected growth.

Comments by Federal Reserve Chairman Ben Bernanke that persistent problems in the financial markets threaten the nation’s economy did little to change the dollar’s upward move.

The 15-nation euro traded at $1.48, down from $1.49 late Thursday. The greenback bought ¥110.08, up from ¥108.44. [Read more →]

Tags: Banks, Currency, Economic news, Economy, Market Data, United Kingdom's economy, financial companies, financial markets, financial planning, foreign exchange, international financial markets, investment markets, money, pounds by Financial Specialist
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